Is Bitcoin Bearish or Bullish, $10k or $5k? Everything Explained

When charting (TA), we look at multiple timeframes and each timeframe has its own meaning and tendencies.

Bitcoin (XBTUSD) can look bullish short-term, 1H timeframe while looking bearish long-term, weekly (W) timeframe, as an example.

Charts are always changing... This is something to keep in mind.

The 1H (short-term) chart can look bullish and strong at one point, but only a few hours later everything can change if a support level is broken.

It is important to pay attention to the timeframe.

Right now we are looking at Bitcoin (XBTUSD) again on the 1H timeframe and this chart is now bullish, compared to earlier to it was bearish... but why?

• Prices are now trading above EMA10/50/100 and MA200 before prices were trading below those levels.
  
• Trading volume is starting to increase before the trading volume was low...
  

This is how it all works... We translate what is coming from the charts.

Bitcoin right now is bullish short-term... Thanks a lot for your support.

Bitcoin Higher Low, Bounce In-Play | Next Target Mapped (Trade inside)

This is our full LONG Bitcoin (XBTUSD) Trade.

Remember to hit LIKE to see the full trade details...

Namaste.

Comment:

Comment:

☘️ IT IS WORTH THE EFFORT... WHAT DOES IT FEEL?

Early in the morning today I am up at work...

Tomorrow at 5:00 AM, no, 4:00 AM...
Again, I am ready for work.

Day after day, week after week, year after year...
There is no end to it all.

The training continues...
Work is still there...
The feeling of Bliss gets closer...

Consistency is still asking for more.

The light starts to shine,
Strange or doubtful situations/feelings now feel great.

Others are recognizing the results and they are wondering if it is worth all the effort I took to get to this place.

What does it feel?
Does it feel good like most people think it does?

The feeling is amazing...
Even though the work is endless and there are many situations that are not easy to resolve...

IT IS WORTH THE EFFORT!

Concentrate on yourself 24/7...
Invest in yourself...
Take care of yourself...

LOVE... YOURSELF!

And it doesn't matter how hard your path is!

You will be happy with the results!

IT FEELS GREAT!

Namaste.

Comment:

First target hit... Enjoy the profits.

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🏆 ICXBTC (+295%)

🏆 GUPBTC (+183%)

🏆 SRNBTC (+100%)